Swiss Bank Adds Bitcoin Trading via Sygnum Integration

Swiss bank BancaStato has launched regulated cryptocurrency trading, enabling clients to buy, hold, and sell Bitcoin directly through its existing web and mobile banking applications. This new service is made possible through an integration with digital asset bank Sygnum and the Avaloq core banking system.

The integration allows BancaStato clients to access Bitcoin trading alongside traditional financial products within a familiar interface. Holdings are managed via Sygnum's custody solution, which utilizes institutional-grade security measures and operates off the bank's balance sheet. This structure aims to protect client assets by keeping them separate from the bank's creditors in case of bankruptcy, a key consideration for digital asset holders.

By leveraging Sygnum's API and Avaloq's Software-as-a-Service platform, BancaStato has streamlined the process, reducing costs and complexity. This move positions BancaStato as a pioneer within the Avaloq ecosystem for offering such integrated crypto services, reflecting a growing trend among European banks to provide regulated digital asset access to their customer base.